Existing Borrower definition

Existing Borrower s Re-Fix Rate" means at any date the fixed rate then being offered to those of the Seller's existing Borrowers who at that date are seeking to fix the rate of interest payable under their existing Fixed Rate Mortgage Loan with the Seller for the applicable period;

Existing Borrower is defined in the preamble.

Existing Borrower shall have the meaning given to such term in the introductory paragraph of this Credit Agreement.

Examples of Existing Borrower in a sentence

• Without limiting the generality of the preceding sentence, New Borrower agrees that it will be jointly and severally liable, together with Existing Borrower, for the payment and performance of all obligations and liabilities of Borrower under the Loan Agreement, including, without limitation, the Obligations.

• New Borrower hereby represents and warrants to Bank that all representations and warranties in the Loan Documents made on the part of Existing Borrower are true and correct on the date hereof with respect to New Borrower, with the same force and effect as if New Borrower was named as “Borrower” in the Loan Documents in addition to Existing Borrower.

• New Borrower acknowledges that the Obligations are due and owing to Lenders from Existing Borrower, without any defense, offset or counterclaim of any kind or nature whatsoever as of the date hereof.

• The members of the New Borrower are affiliates of Landex and CHCDC, the existing general partners of the Existing Borrower.

• The proceeds of the new financing will not result in cash back to the Existing Borrower and therefore is not in violation of the terms of the existing loan documents with respect to the HOME Loan.

More Definitions of Existing Borrower

Existing Borrower shall have the meaning provided in the preamble.

Existing Borrower has the meaning specified in Section 7.04(a)(v).

Existing Borrower has the meaning set forth in the Recitals.

Existing Borrower means Aly Operating in its capacity as borrower under the Existing Credit Agreement.

Existing Borrower means Battalion Oil Corporation, a Delaware corporation.

Existing Borrower shall have the meaning assigned to it in the recitals hereof.

Existing Borrower means each Borrower immediately prior to the Amendment Effective Date, (v) “Continuing Borrower” means an Existing Borrower that will be a Borrower on the Amendment Effective Date, (vi) “New Borrower” means a Series Borrower acting on behalf of and for the account of a New Fund, and (vii) “Amendment Borrowers” means each Continuing Borrower and each New Borrower.